Kaduna State Governor Nasir El-Rufai has presented the 2022 draft budget of N233 billion to Kaduna State House of Assembly, with a capital expenditure of N146 billion and recurrent spending of N87.6 billion.
Giving a further breakdown of the N233 billion budget estimate, the governor stated that it has a capital to recurrent ratio of 63%/37%.
El Rufai noted that the 2022 estimates are slightly smaller than the 2021 budget of N237.52 billion, which had N157.56 billion as capital and N79.96 billion recurrent expenditure, a 66% to 34% capital to recurrent ratio.
He said that the priorities of the 2022 estimates are on education, healthcare and infrastructure, like previous budgets.
Speaking during the presentation of the draft budget yesterday, El Rufai noted that the allocations in the 2022 budget estimates reflect the political values and governance principles that have consistently guided the six previous budgets that his government has presented since 2015.
“Most of the capital spending will be in the Economic and Social Sectors, in keeping faith with our stated governance agenda. We propose to devote 76.8% of the capital budget to schools, hospitals, and infrastructure, including housing. Capital spending on education is N68.4bn (29%) and for health N35.1bn (15%),” he said.
According to the governor, ”these figures show that the 2022 draft budget estimates express our political values and governance principles in the same consistent manner as our six previous budgets.”
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